If you recall I was looking for resistance here:
This is the map of Gold on the Weekly/Monthly. IF this pullback proves to be a bigger one going into November-December we might see high 13XX area before a resume of the uptrend.
Mapped out the current 4H downtrend. Currently final resistance is @ 1.125 before there is a breakout and change of direction. We just had a push away from support on the 4H & Daily so a bit of caution is required for shorting at this moment. A bit of patience is needed.
All other TimeFrames maps for the EUR/USD posted in March 2019:...
Original Idea From February 28th 2019:
As you can see I was looking for a short based on the blue uptrending countertrend line. IF EUR/USD goes near the new blue line, and very close to the very top of the channel
of the parallel from the High before this downturn, will be a good...
SPX is actually showing strength by moving one floor higher inside the already existing uptrend. The price got rejected during the move down to the previous floor and is now finding support where previously was significant resistance. Solid 3K range SPX might be coming pretty soon.
Gold/Silver Ratio is Bullish. Needs a close below the current support to confirm it is starting to go down from here to the 70s print. Similar action to May 2016 meaning there can be at least one leg higher in the metals going forward.
BTC is likely to move down from this counter trend consolidation to the next lower floor. Any move above the RED resistance will break the downtrend and will indicate strength ahead.
Previous update on this idea:
Original source of the idea:
Pretty much self explanatory but - uptrend inside of a bigger downtrend. 11.5, 11.8 and 12.3 are resistane as of NOW. 11.5 and 11.8 will be moving up in price with time and 12.3 will be moving down with time. 12.3 must be exceeded for the downtrend to be...